Perennial Holdings Private Limited - Annual Report 2024

Note 2024 2023 $’000 $’000 Cash flows from investing activities Acquisition of property, plant and equipment (45,974) (2,243) Development expenditure – investment properties (82,908) (55,571) Proceeds from liquidation of associates 7 1,121 – Interest received 4,878 2,544 Investment and loan in associates and joint ventures (87,519) (88,151) Loans to associates and joint ventures (1,602) (6,470) Net cash inflows arising from acquisition of a subsidiary – 782 Net cash inflows arising from dilution of a subsidiary group – 132,669 Proceeds from disposal of a subsidiary 24 – 32,569 Proceeds from disposal of property, plant and equipment 138 14 Repayment of loans from joint ventures 106,148 3,729 Net cash (used in)/from investing activities (105,718) 19,872 Cash flows from financing activities Capital injection by non-controlling interests 3,843 386 Changes in non-trade amounts due to an affiliated company – (56,878) Changes in non-trade amounts due to joint ventures 2,930 3,338 Changes in non-trade amounts due to non-controlling interests 17,625 (11,124) Changes in non-trade amounts due to immediate holding company 134,000 333,703 Changes in non-trade amounts due to related corporation 35,599 (8,168) Dividends paid to owners of the Company (5,250) (3,300) Dividends paid to non-controlling interests (45,957) (53,547) Interest paid (197,548) (241,864) Payment of lease liabilities 28 (2,616) (339) Payment of upfront debt arrangement costs (6,756) (8,698) Proceeds from issuance of convertible bonds 2,128 – Proceeds from loans and borrowings 697,364 754,778 Repayment of loans and borrowings (655,881) (718,937) Net cash used in financing activities (20,519) (10,650) Net (decrease)/increase in cash and cash equivalents (106,230) 123,755 Cash and cash equivalents at beginning of the year 216,422 94,770 Effect of exchange rate fluctuations on cash held (3,172) (2,103) Cash and cash equivalents at end of the year 11 107,020 216,422 Consolidated Statement of Cash Flows (Cont’d) Year ended 31 December 2024 The accompanying notes form an integral part of these financial statements. OVERVIEW PERFORMANCE SUSTAINABILITY FINANCIALS APPENDIX 167 ANNUAL REPORT 2024

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